Inside Harvard’s Radical Plan to Reverse a Decade of Poor Returns

From the Wall Street Journal: Harvard’s endowment is preparing to close its hallmark internal hedge funds and invest nearly all its money with outside money managers. The dramatic steps are just the beginning of an overhaul engineered by its new chief executive as he attempts to reverse a streak of lackluster returns. Early on Jan. 25, staffers at Harvard University’s endowment... Read More